We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix remains thats the way im looking at the world right now. Lets be clear, concession speech by either candidate
Interview with the ceo of agios. The stock got more than 6 today. Well find out why. And pay attention. Can you name todays mystery chart, the stock dropping at 1. 15 , bounced back a bit, had a bitter cold Holiday Season any ideas . Interesting that means something you probably do its a retailer. Well give you the name coming up but we begin with news on trade. The United States officially dropping the currency manipulator designation for china. Aman jabbers in washington with the developing story. Thats right, the treasury making it official at this hour, they are dropping the currency manipulator designation that they slapped on the chinese last year theyre removing it today. The Treasury Department saying in a statement thats for two reasons. One is the appreciation of the currency thats happened since last fall and the second one is agreements that theyve made inside the socalled phase one trade deal theyre saying in the agreement china has made enforceable commitments to refrain
Sitting out the dow on the unending run but chart manafort carter worth thinks its about to change. What is is the chart send in your guess we start with you guess to do new records. More records on wall street. Stocks really in uncharted territory nearly every single day now. The s p 500 closing out the best week since Early September and fun fact, today was the biggest volume day of the year. Stop. Quad ruple but things can be scary at the top accounts are going up. And the question you ask yourself and us, how do i position myself as we enter the final trading days of the year and next year when guy its not just about this year its been a heck of a eight, nineyear run. A lot of people thinking do i need to protect myself a bit on our portfolio has done well. Hi, brian. Tim. How are you somebody sir, nice to see you. I think for a long time earlier in the decade they bought protection appear they said why, it expires the market just goes up and they started selling options which cbw
Next week getting results from walmart and jcpenney then kicking into high gear barreling toward black friday. Is there a giant moment of truth for the consumer. Everybody says about the healthy of the consumer. Never underestimate the u. S. Consumer want to spend doesnt mean they should be spending they have jobs thats great as long as the stock market goes higher every day whether people have a dollar or not in it they will spend money because they feel the economy is doing better thats the calculus i make with the alltime high in the stock market i think the consumer continues to spend doesnt mean some of the stocks are going higher but the consumer will spend. If you want to play the stocks, i think in the next thursday a name like nordstroms which had great trading ranges over the last couple of years, yes its bounced off the low but you have a huge Short Interest, reasonable valuation and we find ourselves time and time again in in environment these big Short Interest retailers t
Jimmy that is a simple thing. Lemonis while they overhaul their business. How many more seats can you pick up when you guys are busy . Maybe you pick up eight more seats. More importantly, their relationship. Jimmy basically every single thing ive ever said for you to do was, no, were not doing it that way. Were doing it my way. Lemonis . So they can heal from the devastating family tragedy that still hangs over everything that they do. Dante not everything has to be a fight. Lemonis we got to fix this tension between you guys. You lost your wife. You lost your mother. Do you guys want to lose each other . Im marcus lemonis, and i risk my own money to help businesses. Im not gonna write a check for somebody that doesnt have their [bleep] together. Its not always easy, but i do it to create jobs, and i do it to make money. Woman thank you. Lemonis do we have a deal . Man we have a deal. Lemonis lets rock and roll. Man 1 yeah man 2 lets do it. Lemonis this is the profit. I have a special